Triple Net Auto Service
1845 North Wayne Road Westland, MI 48185
1845 North Wayne Road, Westland, MI, 48185
Contact for pricing
For Sale
Contact for pricing
Standalone Meineke Car Care property includes an automotive service building on an approximately 1.18-acre parcel under a 20-year NNN lease.
Property Size11,830 SF
Lot Size1.18 Acres
Price / SF$199.07
Days on Market15
Property Features for 1845 North Wayne Road
General Information
- Standard status
- Active
- Size
- 11,830 SF
- Lot size
- 1.18 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1960
Listing agency
SURMOUNT
(332) 345-4222
Listed by
Stewart Hickey · License #NY10401370869
Source
Crexi
Added: Jul 7 Updated: Jul 21 at 3:15PM Checked: Jul 21 at 3:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SURMOUNT
Investment Insights
Based on property information with market context.
Surmount presents an exclusive for-sale offering for a Meineke Car Care located at 1845 North Wayne Road in Westland, Michigan. The property includes a dedicated automotive service building with approximately 11,830 rentable square feet on an estimated 1.18-acre parcel.
The asset is leased to Meineke Car Care under a 20-year Triple Net (NNN) lease that commenced 11/10/2025. The current annual rent is $164,868, with scheduled 10.00% increases every 5 years.
This is a single-tenant, NNN investment focused on an established auto service use with long-term lease terms in place.
The asset is leased to Meineke Car Care under a 20-year Triple Net (NNN) lease that commenced 11/10/2025. The current annual rent is $164,868, with scheduled 10.00% increases every 5 years.
This is a single-tenant, NNN investment focused on an established auto service use with long-term lease terms in place.
Key Highlights
- Standalone Meineke Car Care at 1845 North Wayne Road, Westland, MI 48185
- Approx. 11,830 rentable SF automotive service building on an estimated 1.18‑acre parcel
- 20‑year Triple Net (NNN) lease in place; commenced 11/10/2025
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $170.4k | $14.40 |
| − Vacancy | −$10.2k | −$0.86 |
| EGI | $160.1k | $13.54 |
| − OpEx | −$48.0k | −$4.06 |
| NOI | $112.1k | $9.48 |
11,830 SF · lease $14.40/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.60M
$1.40M – $1.87M
NOI $112,092 @ 7.0% cap · market cap 4.76%
Second Best
Industrial
$874.9K
$765.6K – $1.02M
NOI $61,245 @ 7.0% cap · market cap 2.60%
Theoretical Best
Specialty Retail
$2.19M
$1.92M – $2.56M
NOI $153,317 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Monro Auto Service ...
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Westland On-Site Truck Repair Co. — 1616 S Wayne Rd, Westland, MI 48186
- Henry’s Service Center Inc. — 3041 S Wayne Rd, Wayne, MI 48184
- Dejves's Auto Repair — 34263 Palmer Rd, Westland, MI 48186
- Belle Tire — 1528 S Wayne Rd, Westland, MI 48186
- Mouse Roadside Assistance Service — 2037 Freeman Ct, Westland, MI 48186
FAQs
What type of property is this?
Auto shop - Standalone Meineke Car Care property includes an automotive service building on an approximately 1.18-acre parcel under a 20-year NNN lease.
Where is this auto shop located?
The property is located at 1845 North Wayne Road Westland, MI.
What is the asking price?
The asking price for this property is $2,355,000.
What are key features of this property?
This property features: Standalone Meineke Car Care at 1845 North Wayne Road, Westland, MI 48185; Approx. 11,830 rentable SF automotive service building on an estimated 1.18‑acre parcel; 20‑year Triple Net (NNN) lease in place; commenced 11/10/2025
